Lifan Technology(Group)Co.Ltd(601777) on January 24, it was announced that on the same day, the joint venture jointly invested and established by the company and Geely Automobile completed the industrial and commercial registration procedures and obtained the business license issued by the market supervision and Administration Bureau of Chongqing Liangjiang New Area. Geely Automobile appoints its wholly-owned subsidiary Ningbo Geely Automobile Industry Co., Ltd. as the investor. The name of the joint venture – “Chongqing Ruilan Automobile Technology Co., Ltd.” is located at No. 668 Jinshan Avenue, Yuanyang street, Liangjiang New Area, Chongqing. The legal representative is Lou Yuanfa. The business scope includes the R & D and sales of auto parts, the sales of new cars New energy vehicle sales, new energy vehicle power exchange facilities sales, etc. With a registered capital of 600 million yuan, the company and Ningbo Geely account for 50% respectively.
According to the investment cooperation agreement signed by both parties, Geely Automobile will fully support the management and operation of the vehicle manufacturing business of the joint venture, and jointly promote the transformation and upgrading of the Lifan Technology(Group)Co.Ltd(601777) automobile industry with Lifan Technology(Group)Co.Ltd(601777) . Relying on the systematic advantages and professional ability of Geely Automobile in the whole process of vehicle manufacturing, Geely Automobile will improve the Lifan Technology(Group)Co.Ltd(601777) automobile R & D system, supply chain management Integrate, improve and upgrade the technology platform, sales channels and systematic whole manufacturing management scheme to achieve win-win development.
Simultaneously build the quality ecology of the whole value chain, ensure the quality of all links such as R & D, manufacturing, supply chain and after-sales service, implement the concept of “zero defect”, focus on user needs and rapid response, promote the construction of after-sales AAA service demonstration station, improve service standards and create user loyal service quality. At the same time, it will combine and integrate with Lifan Technology(Group)Co.Ltd(601777) to explore a new path for the transformation, upgrading and high-quality development of Lifan Technology(Group)Co.Ltd(601777) new energy manufacturing industry.
In addition, the two sides will also coordinate travel companies and power exchange service companies, match models, jointly build the construction of power exchange network ecology, and promote the development of urban power exchange standardization. The target company will continue to carry out product R & D and upgrading of its complete vehicles to meet market demand and create more value for listed companies.
Lifan Technology(Group)Co.Ltd(601777) said that this investment is conducive to promoting the transformation and upgrading of the company’s automobile industry, focusing on the R & D, sales and operation of complete vehicles (including but not limited to changing electric models), promoting the rapid increase of the market share of products in passenger cars, and promoting the sustainable, healthy and stable development of the company’s business in the future. (Wang Yi)
